Larraine Segil Scholars Foundation

Analysis

Larraine Segil Scholars Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Larraine Segil Scholars Foundation reported income of $1.3m and spending of $511k, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $239k to $1.3m (+427%), an average of +52% a year. The sharpest change came in the year to December 2021, when income rose by 119%. Over the whole period it spent 40% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Larraine Segil Scholars Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include College Bound Inc ($1.3m), Drive on the Ocean ($1.3m) and Our Academy ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $49k. At year end it held assets of $2.2m against liabilities of $13k, net assets of $2.2m. It reported 4 employees.